Guides risk management efforts for the assigned credit risk focus, such as Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration. Responsible for the accuracy, timeliness and completeness of documentation and reporting completed by more junior professionals. Ensures each region is adhering to the risk management strategy of the assigned credit risk discipline or contributes to the development of strategies to bring the regions into compliance with complex, regional and global regulatory and policy requirements. Contributes to the global identification of existing and emerging risks that are applicable to the assigned credit risk discipline and implements solutions. Ensures the proper documentation is completed when strategy changes are made. Primary duty for each discipline is as follows: Credit Analysis & Approval/Portfolio Management: Completes analyses of industry, country and counter party credit portfolios and credit portfolio quality. Interacts frequently and independently with portfolio managers. Guides less experienced professionals in completing legal documentation processes and structuring term sheets and deals. Independently completes drafts of complex documentation for review by more senior professionals. May attend Bank meetings with clients, other banks, multi-bank credit facilities and peers within the industry. Operational Credit Risk: Completes numerous credit processing and assessment activities, including credit analysis, underwriting, borrower rating approval, and transaction review and approval for intraday credit. Approves and oversees a moderate quantity of complex credit processing and assessment activities. Reviews credit processing and assessment activities completed by less experienced professionals for accuracy and may advise on improvements. Country Risk: Assesses and grades the credit quality of the assigned large, complex country. Uses extensive experience to accurately and effectively track the fiscal condition of sovereigns and to develop ratings for country borrowers. Anticipates and identifies developing credit issues within the assigned country and escalates to more experienced professionals. Reviews ratings produced by less experienced professionals for accuracy and advises on improvements. Prepares complex country risk assessments and integrates assessments into portfolio management for the organization's overall credit risk. Credit Administration: Manages and provides input on the Credit Risk's policies and procedures. Interpret and analyze regulatory requirements that require new or revisions to policy. Contributes to the completion of credit reviews or credit submissions and other related activities and operations for the various credit portfolios. Contributes to the preparation of credit proposals, preparing documentation and financial spreads. Expertly uses credit systems such as the credit borrower rating system and credit approval system. Resolves complex system issues and frequently provides input on credit system best practices. Community Reinvestment Act/Appraisal: Identifies the appropriate balance of investments, loan commitments and community activities to align with CRA corporate goals and manages toward the appropriate allocation. Demonstrates expert knowledge when reviewing real estate appraisals for commercial and residential properties. Proactively checks appraisal policies and procedures for consistency with the Bank's risk appetite and for compliance with various complex regulatory requirements. May recommend policy and procedure improvements. Frequently advises less experienced professionals on compliance improvements. Independently completes analyses of existing and proposed legislation, regulatory announcements and industry practices that are applicable to the assigned credit risk discipline in order to contribute to the organization's implementation of procedures to meet existing and upcoming credit management requirements specific to each region. Reviews analysis activities completed by more junior professionals. Contributes to the development of organization-wide projects and programs to improve risk management for the assigned risk discipline. Completes assessments of the effectiveness of current Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration risk identification and mitigation projects. Implements discipline-specific risk education activities, as directed. Assists with the development of the global strategy for analyzing industry, country and/or counter party credit quality for the assigned credit risk discipline. Builds familiarity with regional differences. May assign analysis activities to more junior professionals in support of regional strategies. Implements new, approved Credit Analysis & Reporting, Operational Credit Risk, Country Risk or Credit Administration risk management solutions that comply with regulatory requirements. May delegate improvement activities to more junior professionals. No direct reports; provides guidance to more junior team members and assigns tasks. Contributes to the achievement of Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration team objectives. Modified based upon local regulations/requirements. Bachelor s degree or related technical discipline, or the equivalent combination of education and experience is required. Family Requirements:
Qualifications 7-10 years of total work experience preferred. Prior experience/background in credit risk preferred. In addition, may require the following experience/skills based on primary duties: Discipline Requirements: Credit Analysis & Approval/Portfolio Management: Formal credit training preferred. Ability to assist with the management of diverse lending, operating products, attendant risk, foreclosure, bankruptcy and/or OREO assets. Operational Credit Risk: Formal credit training preferred. Experience as an underwriter and assisting with the management of rapid-turnaround, intraday funds transfers and approvals. Country Risk: Formal credit training preferred. Experience with borrower rating systems and tracking methodologies, and basic knowledge of fiscal and financial condition indicators. Credit Administration: Experience as an underwriter and familiarity with credit administration systems typically used by financial institutions. Community Reinvestment Act/Appraisal: Strong familiarity with the Community Reinvestment Act and significant experience conducting complex real estate appraisals.
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
Pershing provides critical business process, financial and technology solutions for financial organizations around the globe.
We operate behind the scenes to power transformational change for broker-dealers, registered investment advisors, independent financial advisers, hedge fund and '40 Act fund managers and individual investors.
We strive to be innovators, developing open architecture technology and financial solutions to support our customers' growth. We advocate on behalf of our customers and help them respond to regulatory reform and drive positive outcomes for our industry and investors.
From our core business as an industry-leading trade execution, clearing and custody provider, we have evolved into a global multifaceted firm that provides investment solutions, forward-thinking technology-driven efficiencies, practice management and service excellence.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-Florida-Lake Mary
Internal Jobcode: 85148
Organization: Pershing Domestic-HR06431
Requisition Number: 1808262